Associate Counsel

  • Investure, LLC
  • Charlottesville, VA, USA
  • Jun 07, 2021
Full time Finance Legal

Job Description

Job Summary

This professional will be a core member of Investure’s Legal & Compliance Team, reporting to the General Counsel & Chief Compliance Officer.  The individual will be primarily responsible for providing day-to-day support for a wide range of legal and regulatory compliance matters, including reviewing and negotiating investment documentation with third-party investment managers, reviewing Investure marketing and other client materials, and preparing a variety of documentation for Investure’s private investment funds. The individual should have sound legal judgment gained from relevant legal experience, a client service mindset, the ability to juggle multiple tasks with competing deadlines, and be able to develop strong internal and external relationships. 

Responsibilities and title will ultimately be commensurate with the professional’s experience and demonstrated capabilities and judgment.

The Company

Based in Charlottesville, Virginia, Investure was founded in 2003 to serve as the outsourced investment office to endowments and private foundations where building a high-quality organization in-house is not economical or preferable.  Managing assets of approximately $17 billion through 14 client relationships, Investure is responsible for asset allocation and manager selection in multiple asset classes including but not limited to fixed income, global public equities, and alternative investments (hedge funds and private equity).  Investure is a growing, fast-paced, high-energy culture where there is a vast opportunity for learning. 

Essential Functions

  • In partnership with the General Counsel & Chief Compliance Officer, draft, review, negotiate, and/or complete documentation for investments, including fund agreements, subscription agreements and related questionnaires, side letters, confidentiality agreements, and anti-money laundering requests
  • Review and edit a variety of marketing, client reporting and communications for legal and compliance considerations, including presentation materials, quarterly letters, and memos on investment decisions
  • Support all legal and governance matters for Investure’s private investment funds, including by creating documentation for new funds, maintaining and updating subscription materials, drafting amendments, consents and waivers, and preparing board materials
  • Maintain governance books and records for the management company and general partner entities, including drafting resolutions, consents and waivers and other internal documentation
  • Support the internal pre-close process for a variety of investments
  • Assist with the review and negotiation of contracts with service providers and other vendors
  • Manage and supervise external legal counsel, as necessary
  • Demonstrated professional judgment and ability to issue-spot and analyze legal and compliance issues, conflicts and ethical issues
  • Ability to take initiative and lead cross-functional team projects
  • Monitor and stay current on SEC rules and guidance as well as other regulatory requirements applicable to investment advisers and private investment funds; analyze applicability to the firm, its private funds and its clients; ensure all relevant internal parties are promptly and effectively advised of new or changing laws and best practice
  • Serve as an advisor to staff members who manage and prepare regulatory filings; assist as needed with regulatory examinations and audits

Education, Experience & Skills

  • Bachelor’s degree and JD from a nationally-recognized law school required
  • Ideally, 3-6 years’ experience as an attorney at a law firm with a focus on: fund formation for private equity, venture capital and/or hedge fund managers; fund document review work representing investors and/or sponsors; drafting and reviewing offering materials and similar marketing materials for private offerings; drafting and reviewing a variety of common corporate documents; familiarity with federal securities laws, particularly the Investment Advisers Act of 1940; experience working with tax exempt entities a plus
  • Strict attention to detail combined with excellent prioritization and organization skills; ability to juggle multiple tasks and competing deadlines
  • Strong process orientation, willingness to learn and a “continuous improvement” mindset
  • A business and solution-oriented approach to interacting and working with others
  • Excellent written and oral communication skills, including the ability to stand your ground while remaining flexible and communicate complex concepts in an understandable way
  • Ability to take initiative and work well as a member of a team        
  • Willingness to roll up sleeves to perform any and all responsibilities needed to ensure success
  • Demonstrated professional judgment and ability to issue-spot and analyze legal and compliance issues, conflicts and ethical issues
  • Ability to handle confidential and sensitive information with a high degree of professionalism

Guiding Principles

  • Integrity: Demonstrates unquestioned ethics and credibility.  Strives to exemplify the highest ethical standards in both work and personal lives
  • Excellence: Has exceptional work ethic.  Works both hard and smart. Demonstrates continuous self-evaluation of successes and failures
  • Service: Puts others first.  Illustrates mission-driven outlook and approach
  • Stewardship: Puts long-term interests above short-term goals.  Focuses on the greater good
  • People: Demonstrates passion and excellent judgment.  Treats others with respect, helps when and how needed, and is respectful of the needs of others
  • Teamwork: Takes a collaborative and selfless approach.  Operates under the “Golden Rule”
  • Humility: Comfortable with being wrong.  Seeks to learn from mistakes. Willing to do anything necessary to get the job done. Treats all as equals

 

Position Based Competencies

  • Accuracy: Identifies and corrects mistakes; does not repeat past mistakes; demonstrates strong attention to detail.
  • Team Orientation: Comfortable taking direction or taking the lead; receptive to feedback.
  • Process Management: Creative and innovative thinker who can simplify and improve complex procedures.
  • Communication: Excellent interpersonal skills; professional and diplomatic demeanor.
  • Planning: Can orchestrate multiple activities at once to accomplish a goal; accurately scopes tasks and projects.
  • Adaptability: Self-directed learner; effectively and positively embraces and manages change. Doesn’t require constant direction.
  • Relationship Management: Negotiates skillfully in tough situations with both internal and external groups; ability to establish strong rapport across all levels.
  • Expertise: Has experience and knowledge to oversee a function with a high level of accomplishment; able to successfully direct and guide.
  • Problem Solving: Strong analytical skills; Seeks input and builds consensus to drive team to desired solution.
  • Judgment: Demonstrates good decision-making based upon a mixture of analysis, wisdom and experience; considers organizational impact.